Did you know that companies such as USAA, Century 21, basically all of the companies owned by Cendant charge referral fees when they refer a buyer or seller to me/my company? Now they are charging a 35% fee!Take, for example, a $200k listing and assume that the listing agent negotiated a 3% commission. The commission to the listing company therefore would be $6000 minus the referral fee of $2100, bringing the commission to the company to $3900…. So, the agent would get $1950, minus various corporate fees, marketing costs, fuel, etc. bringing the final cut to approximately $1200!
Date Archives February 2005
Link to Grow-a-Brain!
Noticed that I was linked on Grow-a-Brain's blog today in an article about Real Estate blogs. It is kind of comforting that I am not alone in blogging about real estate. I am certainly not...
Assessments – slightly worse than reported
Well, at least they are looking at how much more money they are taking in. " The average assessment was up 14.6 percent, not 9.9 percent as reported in a Jan. 31 news release distributed...
Cogent Washington Post article
From today's WP - " Who actually pockets the tax code's generous subsidies to homeowners? When the joint tax committee examined distribution of mortgage interest preferences during 2004, it found that people in the very...
Nelson County here I come!
I am off to the depths of Nelson County this morning, and hope to return by early-mid afternoon. Some of the denizens of Nelson refer to it as "God's Country." They may not be wrong!...
29 North/Target update
The Target is coming along - the ocean of red clay should soon be covered with asphalt, cars and people.
Interesting links
ACCT